(a) All funds loaned must be used for capital improvements that are needed to:
(1) Establish, or increase the capacity of, the center or home; or
(2) Meet licensing, zoning, building, or other government-imposed requirements.
(b) Eligible capital improvements include:
(1) Buying land or a building;
(2) Building, repairing or renovating all or part of a building;
(3) Buying furniture or equipment with a useful life of at least 3 years; and
(4) Fees for architects, engineers, accountants, lawyers or other professional services needed to buy, build, repair or renovate a building. (1989 L.M.C., ch. 19, § 1; 2015 L.M.C., ch. 24, § 5.)